By Rob Curran
ITT's fourth-quarter earnings rose and the manufacturer forecast more growth in the first quarter, amid strong demand for its pumps and other products.
The Stamford, Conn., maker of engineered components for aerospace and other industries logged net income of $131.7 million, or $1.64 a share, up from $127 million, or $1.55 a share, a year earlier.
Excluding certain one-off items, ITT posted earnings of $1.85 a share, surpassing the mean analyst estimate of $1.78 a share
Revenue rose 14% to $1.05 billion, also topping the average Wall Street target of $1.01 billion. Strength in demand for pump, transportation and defense products stood out, the company said.
For the first quarter, ITT projected per-share earnings in a range between $1.67 and $1.71, and adjusted earnings of $1.68-to-$1.72, which would top Wall Street estimates of $1.56 and $1.61, respectively. ITT projected first-quarter revenue growth of about 11%, or about 5% on an organic basis, which excludes the impact of acquisitions and other skew factors.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
February 05, 2026 06:54 ET (11:54 GMT)
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